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solar pv inverter pv inverter market – global industry analysis report ...

by:KEBO      2019-09-23
In 2015, the market size of photovoltaic inverters in the field of public utilities was 20 GW, and it is expected to increase significantly in the next few years.By 2024, the PV inverter market will experience a significant increase of more than 2016, thanks to the government's positive initiatives and the strict regulatory framework for promoting sustainable energy resource deployment.Monetary aid, as well as various support programs such as net metering, electricity prices on the Internet and upcoming renewable energy projects, will further drive industry growth.In 2015, financial incentives and net metering accounted for 78% and 15% of the global PV Inverter Market, respectively.According to a report from global market insight"The PV Inverter Market in 2015 exceeded US $6 billion, and it is expected that the compound annual growth rate will exceed 13% during the period from 2016 to 2024."Request for sample of this study report @ main PV inverter products include On-Grid and independent products.On-By 2024, the grid PV Inverter Market is expected to reach $10 billion.Feed and other programs-In terms of tariffs and net energy measurement, demand for products is expected to increase.It is expected that the market size of independent photovoltaic inverters will reach US $6 billion by 2024.Growth can be attributed to high demand for renewable energy and the increasing use of non-renewable energyGrid independent systems in Africa and Asia.Based on this technology, the photovoltaic industry is divided into micro, Central, battery and series photovoltaic inverters.The PV Inverter Market is expected to grow by 19% during 20162024.These technologies are easy to deploy with low initial cost per watt.In 2015, the market revenue for micro photovoltaic inverters was $1 billion, and it is expected to increase significantly in the next few years.This increase can be attributed to the increasing number of installations in the commercial and residential sectors.The central PV Inverter Market is expected to grow significantly in the coming years as it is used more and more in commercial and utilitiesscale projects.U.S.Thanks to the government's favorable policies to support the growth of renewable energy technologies, the photovoltaic inverter market is expected to hit a maximum of about 14% in the next eight years.In addition, strict government norms to improve energy efficiency are expected to drive regional growth.Key insights in the report include: Global Market InsightsHeadquartered in Delaware, USA.S.Global market research and consulting service providers;Provide joint and customized research reports and growth advisory services.Our business intelligence and industry research reports provide customers with in-depth insights and actionable market data designed and presented specifically to help make strategic decisions.These exhaustive reports are designed through proprietary research methods and can be used in key industries such as chemicals, advanced materials, technologies, renewable energy and biotechnology.
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